FBC Holdings Announces Updates to Business Plans

Published 11:37 AM ET Sun, 11 Nov 2012
PR Newswire

NEW YORK, Oct. 4, 2012 /PRNewswire/ -- (OTC Markets: FBCD) FBC Management today announced that it will focus its revenue production efforts on the new FBC Flowboard and other extreme sports-related products. FBC's new management team said that the Company's immediate objectives will be to bring the FBC Flowboard into production as well as specialty products for in the extreme sports industry. FBC director Kevin Wright, an extreme-sports industry veteran stated that, "Extreme sports is the fastest growing sector in the sports industry today and it is anticipated that as the global economic downturn abates that spending in this sector will continue to accelerate. We have a unique product and additional high-quality specialty industry products that we wish to position to participate in this growth." Frank Russo added that, "We still have some housecleaning to do but the focus of this team is to generate revenue as quickly as possible. A real business produces goods or provides services. FBC now has the products and the talent to create a real organization of value and that is what we intend to do. Our shareholders have been patient but it is time for results."

The Company added that management is preparing a shareholder update which it will issue around the time of the filing of its annual report.

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Some of the content in this release may contain forward - looking information within the meaning of Section 27 A of the Securities Act of 1 9 9 3 and Section 21 E of the Securities Exchange Act of 1 9 3 4 including statements regarding expected continual growth of the Company and the value of its securities. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 it is hereby noted that statements contained herein that look forward in time which include everything other than historical information, involve risk and uncertainties that may affect a company's actual results of operation. A company's actual performance could greatly differ from those described in any forward - looking statements or announcements mentioned in this release. Factors that should be considered that could cause actual results to differ include: the size and growth of the market for the company's products; the company's ability to fund its capital requirements in the near term and in the long term; pricing pressures; unforeseen and/or unexpected circumstances in happenings; etc. and the risk factors and other factors set forth in the company's filings with the Securities and Exchange Commission. However, a company's past performance does not guarantee future results.

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